Report: Giants, MVP Buster Posey talk extension

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Buster Posey and the Giants are in talks about a contract extension. (Ezra Shaw/Getty Images)

Buster Posey and the Giants agreed to an eight-year extension worth $167 million. (Ezra Shaw/Getty Images)

The World Champion San Francisco Giants and National League Most Valuable Player Buster Posey are in preliminary talks on a contract extension, reports Comcast SportsNet Bay Area.

Posey hit .336 with 24 home runs and 103 RBI for the Giants last season, after missing the most of the 2011 seasons with an injury. Posey is scheduled to make $8 million this season after agreeing to a one-year deal in January. He is eligible for arbitration the next three seasons before becoming a free agent after the 2016 campaign.

"Our view of Buster is that he’ll be reasonable,” Giants CEO Larry Baer said. “We’ve thrown some things out. They’ve thrown some things out. It’s going to be more evolved over time. It’s not a 'check back in two weeks, we may have something' kind of thing. Buster knows he’s going to be a Giant for the next four years, at least. There isn’t that kick of, 'Come October, I might be changing uniforms.' He’s not changing uniforms.”